After allowing a discount of 11 11 a trader still makes a gain 14 28 At how many percent above...........

Quantitative Aptitude ( CCS) Profit and loss

After allowing a discount of 11.11%, a trader still makes a gain 14.28%. At how many percent above the cost price does he mark his goods?

28.56%

35%

22.22%

None of these

S.P : M.R.P

8 : 9 ------------> (i)

C.P : S.P

7 : 8 ---------------> (ii)

By combining these two equations:-

C.P : S.P : M.R.P

7 : 8 : 9

Required %age = (9 - 7)/7 * 100% = 28.56%

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